Schumer moves semiconductor bill
Senate Majority Leader Charles Schumer (D-N.Y.) plans to hold a vote soon on a bill to provide $52 billion to $54 billion in assistance to the domestic semi-conductor manufacturing industry and a tax credit for semi-conductor manufacturers, according to Senate sources.
Schumer has told senators to expect a floor vote as early as Tuesday of next week.
- The slimmed-down CHIPS bill, intended to improve competitiveness with China, at a minimum will include emergency funding for semi-conductor manufacturers and the investment tax credit from the Facilitating American-Built Semiconductors (FABS) Act.
- The legislation is not expected to include a package of trade provisions that Republicans insisted be attached to the Senate version of the bill that passed last year.
- A source familiar with the negotiation, however, said additional pieces could be added if they are ready in time.